Rights Issue19 Sept 2026, 04:00 pm
Gconnect Board approves ₹41 Cr Rights Issue, appoints new Director
AI Summary
Gconnect Logitech and Supply Chain Ltd's Board of Directors, at their meeting on September 19, 2026, approved a proposal to raise funds up to ₹41,00,00,000 (Rupees Forty One Crores Only) through a Rights Issue of equity shares. This fundraising is subject to necessary regulatory approvals. Additionally, the Board approved the appointment of Mr. Ketur Shah as an Independent Director for a period of five years, effective from September 19, 2026, pending approval from members at the upcoming General Meeting.
Key Highlights
- Board approved a Rights Issue to raise funds.
- The Rights Issue aims to raise up to ₹41,00,00,000.
- Funds will be raised by issuing equity shares to eligible shareholders.
- Appointment of Mr. Ketur Shah as an Independent Director was approved.
- Rights Issue is subject to regulatory and shareholder approvals.
Price Impact
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